Stock Attack -- A Complete Analysis Message Board

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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: Chris who wrote (22516)	3/28/2000 10:16:00 PM
From: bobby beara	Read Replies (1) of 42787

Chris, the both the hang seng and nikkei rallied into uppertrendlines. Naz rsi momentum peaked on jan 3rd and has not confirming the new highs, i would compare this to last year when the mo peaked in late jan - correction, then we had a zig zaggy rally into the mid april top, with the speculative internets blowing off, i think you can interchange internets for biotechs this time. We had a week or two of put/call ratios that were around .4 or below, a time of super optimism, when rut and biotechs were blowing off. From the way it looks to me, i doubt we can recapture that level of screaming optimism and rally ability without a corrective/basing period, even abby joe turned less bullish today. b

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